The Organisation for Economic Co-operation and Development (OECD) has forecast India’s GDP growth at 6.9 per cent for FY23. This is 120 basis points lower than the 8.1 per cent projection made in December. The lowest by a major bank or institution, saying the country had been adversely affected by Russia’s invasion of Ukraine.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
This is below the Reserve Bank of India’s estimate of a 7.2% rise. India’s Gross domestic product (GDP) grew 8.7% in 2021-22, making it the fastest-growing major economy in the world. After recording the strongest GDP rebound in the G20 in 2021, the Indian economy is progressively losing momentum as inflationary expectations remain elevated due to rising global energy and food prices, monetary policy normalises and global conditions deteriorate.
Find More News on Economy Here
The 12th-century Jagannath Temple in Puri, the Shree Jagannath Temple Administration (SJTA) has attained trademark…
India has had an abundance of legendary players in weight lifting like Mirabai Chanu, Karnam…
The Mahatma Jyotirao Phule Jan Arogya Yojana (MJPJAY) is a premium health insurance initiative started…
As work are underway for the 2027 Haridwar Kumbh Mela, the Uttarakhand Forest Department has…
The Majhi Kanya Bhagyashree Scheme is a important government initiative run by the Maharashtra Government…
Bhargavastra is a homegrown anti-swarm drone system that has been engineered to neutralize enemy drones…